Come on. Most of the people in first world countries were forced to stay at home and depend on the services that these "elites" provided. How exactly is it unfair that they make more profit from wider reach? A large portion of Americans who received COVID cheques burned it on toys and leisure instead of saving and their money went upwards. How is that unfair?
> Approximately 159 million economic impact payments, totaling more than $376 billion, have gone out to eligible recipients in the last month — and the majority of that money continues to be spent on groceries, rent and other monthly bills, according to a new survey released Wednesday. [1]
The vast majority of the stimulus money was spent on bills, not frivolity.
Yup, I agree with you too and to me the slippery part is to talk about ratios.
Definitely absolute values have a meaning to me, otherwise would not make sense to talk about billionaires and non billionaires and a better classification would be starving and non starving people.
Interestingly according to the above article, Lamborghini had $1.93B in revenue on 7430 cars, while it appears XBox had total hardware revenue of $2.29B in 2020. A handful of Lambos does seem to be worth thousands of consoles!
Perhaps people have realized that the PPP program was basically a gift to business? And that the majority of the COVID checks were spent by consumers on normal expenses?
